My next play was a 15 minute short in AKAM. I found AKAM on my Daily watch list because it had triggered a daily sell on Wednesday. Today I expected another red bar lower as this would be the 3rd lower day. This setup appeared late morning after the market had already moved a lot lower. I was expecting the Q’s to rally at anytime, but since the Q’s could not even get above it’s 20 MA on the 1 minute chart I felt my late play short in AKAM would work out. As I entered short, the market really started to sell off and my play in AKAM took off lower like a falling rock, wow! It took out my first target but I decided to take the rest off at the break of the 5 minute bar. I just felt that since it was 11:30 the market was due to rally. This trade along with my trade in SNDK has made my weekly goal 🙂 which is significant since I’ve had 4 scratch days in a row. Patience, patience, patience is the key to trading mastery…. Have a great weekend everyone!
AKAM